Mercury EV-Tech Limited held a listing ceremony at the National Stock Exchange of India (NSE) on June 02, 2026, commemorating the admission of its equity shares to dealings on the exchange. The event marked a significant milestone in the company's growth journey, attended by its senior management and NSE officials. The company's shares are listed under the symbol 'MERCURYEV' on the NSE Emerge platform.

The ceremony was attended by representatives of the company, including Shri Jayesh Thakkar, Chairman & Managing Director, Mrs. Artiben Thakkar, Promoter, and Shri Darshan Shah, Executive Director. From the exchange, Mr. Ashishkumar Chauhan, Managing Director & CEO, and Mr. Vinit Shastri, AVP, were present along with other distinguished guests. The event celebrated the successful listing of the company's shares.

Listing Details

The listing comprises 189,973,058 equity shares of Re. 1/- each. The securities are available for trading in the 'BE' series and will remain in the Trade-for-Trade segment until further notice. This segment requires traders to take delivery of shares and settle trades without netting.

Shareholding and Lock-in Status

A specific portion of the equity shares is subject to a lock-in period as per regulatory requirements. The majority of the shares are freely tradable immediately upon listing, while a tranche of 3,400,000 shares will remain locked until July 31, 2026.

Compliance and Future Filings

Following the listing, Mercury EV-Tech Limited is required to submit all necessary reports and documents through the NSE Electronic Application Processing System (NEAPS). The company must seek requisite exchange approvals prior to any future corporate actions, including grants or allotments.

Mercury EV-Tech Limited reported a 55.7% decline in net profit to ₹283.12 lakh for the financial year ended March 31, 2026, down from ₹638.58 lakh in the previous year. Revenue from operations fell 32.3% to ₹4,577.21 lakh compared to ₹6,764.27 lakh in FY25. The decline in profitability was attributed to increased operational expenses and a reduction in other income, which dropped to ₹503.13 lakh from ₹142.41 lakh in the prior year.

The board of directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The audit report, issued by statutory auditor M/s. Tejas K. Soni and Company, Chartered Accountants, carried an unmodified opinion. The company noted that figures for previous periods were regrouped or reclassified where necessary for comparability.

For the quarter ended March 31, 2026, the company reported a net profit of ₹55.94 lakh, a significant decrease from ₹111.69 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹1,366.59 lakh, down from ₹2,016.00 lakh in Q4 FY25. Total expenses for the quarter increased marginally to ₹1,648.13 lakh from ₹1,993.13 lakh in the corresponding prior period.

Financial Performance

The company's earnings per share (EPS) for the full year decreased to ₹0.149 basic and ₹0.149 diluted from ₹0.336 and ₹0.352 respectively in the previous year. The paid-up equity share capital remained constant at ₹1,899.73 lakh. The finance costs for the year reduced to ₹32.43 lakh from ₹62.01 lakh, while depreciation and amortization expenses rose significantly to ₹284.82 lakh from ₹55.13 lakh.

Operational and Balance Sheet Highlights

On the balance sheet front, total assets as of March 31, 2026, stood at ₹32,188.21 lakh, an increase from ₹29,550.05 lakh in the previous year. Non-current assets saw a substantial rise to ₹10,527.80 lakh, driven by property, plant, and equipment valued at ₹5,570.99 lakh and capital work in progress of ₹2,448.65 lakh. Current assets decreased to ₹21,660.41 lakh from ₹22,856.36 lakh, primarily due to a reduction in bank balances other than cash and cash equivalents.

The company's equity and liabilities structure showed total equity at ₹28,278.22 lakh, slightly higher than ₹28,007.97 lakh in the prior year. Total liabilities increased to ₹3,910.10 lakh from ₹1,627.07 lakh, with current liabilities rising sharply to ₹3,606.66 lakh. Borrowings under current liabilities stood at ₹1,785.23 lakh, compared to nil in the previous year.